GRP Market Pricing: Conducting a Competitive Pay Analysis | Morgan International

Market Pricing: Conducting a Competitive Pay Analysis 

A WorldatWork GRP Certification Course

Attract top talent with market-aligned salary structures and packages.

Acquire the skills to construct market-driven pay structures that align with your organization's compensation strategy, enhancing your ability to attract, retain, and motivate talented employees. 

Learn a proven methodology for conducting competitive pay analyses, evaluating their impact on your organization's hiring, retention, and compensation goals. 

Develop the expertise to design compelling compensation packages and effectively communicate the rationale behind market-related compensation decisions to senior leaders, managers and employees.

Who is it for?

This course is tailored for HR and compensation professionals entrusted with salary benchmarking and the development of compensation programs. It is equally beneficial for individuals overseeing total rewards, remuneration, compensation and benefits programs, as well as people leaders seeking to enhance their understanding of marketing pricing dynamics. 

What will you learn?

- Discover the essentials of designing a comprehensive total rewards program, encompassing a robust base-pay structure.

- Explore the intersection of market pricing and business strategy, including compensation philosophy, market position, and business life cycle considerations.

- Gain insights into market-based pay versus pure market pricing approaches, exploring the advantages and disadvantages of market-based job evaluations and pay design.

- Develop proficiency in understanding and leveraging salary survey data, enabling you to identify the most relevant options for your organization and employees. 

- Unleash the potential of salary survey data through techniques such as aging, blending, premium addition, weighting, modeling, and regression analysis.

Topic rundown

Our workshop is structured around the following modules: 

Module 1: Market Pricing and Business Strategy 

Module 2: Market Pricing Terminology and Base Structure Design 

Module 3: Survey Data 

Module 4: Participating in Surveys 

Module 5: Utilizing Survey Data  

Module 6 : Variable Pay Survey Data

Module 7 : Case Study: Universal Plastics and Rubber Manufacturing  

Module 8 : Communication   

Maximize your Learning

Accelerate your GRP Certification

By taking this workshop, you're one step closer to earning the prestigious Global Remuneration Professional (GRP) Certification!

Earn a WorldatWork Certificate

Upon completing the course, you'll earn a certificate from WorldatWork, the leading global organization for compensation & benefits professionals.

The Extras you Get

Interactive Workshops at Your Convenience

Join our live online workshops designed for the Middle East & GCC regions, offering convenience without compromising interactivity. View course schedule.

Gain Valuable CPE Credits

Already certified? This course will earn you valuable CPE credits to help you maintain your credentials and stay ahead of the curve in this ever-changing field. 

Gain an excellent overview of total rewards and enjoy a multifaceted learning experience developed by expert practitioners from WorldatWork, the leading organization for professionals engaged in the critically important practice of compensation and rewards. 

Trusted by global 500 companies and backed by 65+ years of experience in workplace rewards education and research.

Want to learn more? Schedule your free consultation today so our team can better support you!